What’s Included in Your Boat Insurance?

If you own a boat, the only thing on your mind may be that the weather is finally heating up so you can get out on the water! We can’t blame you for that but you also need to be confident that you have the right level of insurance cover for your vessel in case something goes wrong. From basic cover for damage and loss to a range of more advanced options, your insurance broker will be able to advise you on the best boat insurance package for your specific risks. You can also tailor your boat insurance to suit a number of other pleasure crafts, such as jet skis.

When it come to the complex world of boat insurance Perth, GSK Insurance Brokers are the experts and we’re here to take a look at the various options which can be included in your boat insurance package.

Hull Insurance

Hull insurance is a specific form of cover which will protect you financially for damage caused to your boat. Given how expensive boats are, the last thing you want is to be left to pay the damages bill yourself! Depending on the policy, it can cover a broad range of damage which may occur to the hull, spars, sails, machinery, dinghies or tenders, outboard motors, fittings and other equipment normally required for the operation or maintenance of the vessel.

Public Liability

Public liability cover means that if you’re found liable for damage to property or injury to a third party as the result of your actions aboard your vessel, you’re covered financially following a successful claim. This policy can also cover legal bills if you need to hire a lawyer as a result of the claim. Although we’re sure you’re a careful boat operator, it pays to be protected with liability cover.

Water Skiers’ Liability

If you intend to tow a skier, wakeboard, donut or similar floatation device, you should consider having water skiers’ liability insurance in place. This cover will protect you against any injury or damage that may occur from these types of activities to offer you and those aboard your boat peace of mind.

Personal Effects and Equipment Cover

Although it’s important that you protect the boat itself with insurance cover, you also need to think about your personal effects and equipment aboard the boat. A lot of items will be covered through hull insurance but separate cover is required for items such as clothes, personal electronics, fishing gear and scuba equipment which is where personal effect and equipment cover comes in.

At GSK Insurance Brokers, we understand the complex world of boat and pleasure craft insurance and have been providing tailored insurance solutions to WA boaties for decades. We thoroughly assess your vessel to identify risks so we can make sure we find the best boat insurance possible for your needs. With our help, you can enjoy your boat without the worry!

If you’re after a boat insurance quote, speak to the team at GSK Insurance Brokers today on 08 9478 1933.

November 30, 2017

By Graham Knight

Founder and Managing Director of GSK Insurance (established in 1981). Graham draws upon more than 50 years’ experience in the insurance industry, working in both insurance and broking across various private, public and government sectors in Australia.